Description

This prime commercial property is situated in the heart of Downtown San Clemente along the highly visible and well-trafficked El Camino Real corridor. The subject property is being offered at land value with the potential for new development. The property consists of two parcels totaling approximately 8,000 square feet with excellent frontage and accessibility from both El Camino Real and Avenida de la Estrella. Currently there is a small building on one of the parcels that is leased to a massage tenant for $5,000 a month gross rent, and the tenant is on a month-to-month lease. The land is zoned Downtown Mixed-Use (MU 3.0). The downtown area (MU 3.0) is defined in the San Clemente General Plan as the symbolic "core" of the City, maintaining its pedestrian-oriented village character. The MU 3.0 zone allows a vertical or horizontal mix of Neighborhood Serving Commercial (NC) and Community Serving Commercial (CC) — Attached and multifamily housing is permitted on the second floor or higher. Commercial development—(nonresidential uses) are allowed in this zone such as community and tourist-serving retail commercial, entertainment, restaurants, offices, institutional and public uses. Residential uses accompanying commercial development are accommodated within this zone. Along with enhancing the pedestrian nature of downtown, the inclusion of residential uses into commercial development will provide housing opportunities for employees and owners of commercial establishments, as well as others interested in living in the downtown area. The subject property presents an outstanding opportunity for an investor, developer, or business owner looking to establish a presence in this highly sought-after coastal market.